Author
Bowtie Team
Updated on
2025-06-19
Disclaimer: This article is translated with the assistance of AI.
Life’s full of surprises, and smart risk management is essential. Insurance acts as a reliable partner in your financial journey, supporting you at every life stage. Today, the Bowtie Insurance team explores why starting early can make all the difference—join us for practical insights!
Two Main Reasons to Get Insured Early
- Relatively Healthy Body Makes Underwriting Easier
Medical history is a key factor affecting insurance underwriting, and it generally becomes ‘richer’ with age. When applying for insurance, the applicant has the responsibility to fully and accurately disclose their personal health status, medical history, and other details. The insurance company will assess the risk level based on the applicant’s condition and make one of the following decisions:
- Successfully insured at standard premium
- Successfully insured, but with loading or exclusions
- Successfully insured, but with both loading and exclusions
- Directly declined
As you can see, not every situation leads to successful insurance coverage—it’s only guaranteed when you’re in good health with no suspicious symptoms.
- Diseases Are Getting Younger: Better Safe Than Sorry
Diseases often strike without warning, and the signs are clear that serious illnesses are trending younger:
- Between 2011 and 2020, nearly 27,000 cancer cases were reported in people aged 20-44, making up 9% of all cases across all ages
- As many as 35% of respondents aged 20-30 have at least one ‘three highs’ issue without even knowing it
- From 1998 to 2008, coronary heart disease cases in people aged 40-50 surged by nearly 40%
So, getting insured early is like building a timely safety net for yourself and your family—it’s smart preparation before the storm hits.
How to Choose the Right Insurance Product? How Much Coverage Do You Need?
Choosing an insurance product involves considering factors like your financial situation and personal needs. At Bowtie, we stick to our ‘Someone to Help, No One to Sell’ philosophy, offering you convenient options to make the right choice:
- Self-Service Tools: Use our online tools to Quickly find the right insurance plan in just 1 minute .
- Expert Consultation: You can connect with our product specialists (WhatsApp: 6016 5980 ). Our Bowtie product specialists don’t earn commissions—they help you compare products, consolidate existing policies, and pick the best coverage for your needs, ensuring your money is well spent. Service hours: Monday to Friday, 9:30 am – 6:30 pm (closed on weekends and public holidays)
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